Timberlane is the 10th-fastest growing city in Illinois, at a 10-year growth rate of 151.3%. It currently ranks 728th in terms of population with 934 residents. Timberlane is made up of homes that are relatively new with a median of 15 years. Leading the list of best schools in the city are Manchester Elementary School and Belvidere Central Middle School.
The median value of homes in Timberlane is $152,600, making it one of the most valuable areas in Illinois. At the same time, the average list price of available homes is presently $264,341. Over the last 30 days, the Timberlane market was solid with two homes sold, a 100.0% increase from last week's report.
Make sure you take a look at these eye-catching homes in Timberlane that generated the most views from potential buyers:
A four-bedroom detached home valued around $294,567 is considered a typical dwelling in Timberlane. If a buyer was looking for a similar home, they would need good credit and a $58,913 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,266 and the property tax rate is $18.89 per $1,000 of taxable assessed value.